Example ContractsClausesSwingline Committed Amount
Swingline Committed Amount
Swingline Committed Amount contract clause examples
Previous results

Swingline Commitment Percentage” shall mean, with respect to [[Agent:Organization]], 50% of the Swingline Committed Amount, and with respect to Bank of America, 50% of the Swingline Committed Amount.

Swingline Commitment Percentage” shall mean, with respect to [[Agent:Organization]], 50% of the Swingline Committed Amount, and with respect to Bank of America, 50% of the Swingline Committed Amount.

Swingline Committed Amount” shall mean the amount of the Swingline Lender’s Swingline Commitment as specified in [Section 2.2(a)].

Swingline Committed Amount” shall mean the amount of each Swingline Lender’s Swingline Commitment as specified in [Section 2.9(a)].

Swingline Committed Amount” shall mean the amount of each Swingline Lender’s Swingline Commitment as specified in [Section 2.9(a)].

Swingline Committed Amount” shall mean the amount of the Swingline Lender’s Swingline Commitment as specified in [Section 2.4(a)].

Reduction or Termination of Committed Amount. Upon at least three Business Days’ notice to the Administrative Agent, the Borrowers shall have the right to permanently terminate or reduce the aggregate amount of the Committed Amount at any time prior to the date of borrowing of the Loans; provided that each partial reduction shall

Compliance with Commitments. Immediately after giving effect to the making of any such Extension of Credit (and the application of the proceeds thereof), # the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations shall not exceed the Revolving Committed Amount then in effect, # the outstanding LOC Obligations shall not exceed the LOC Committed Amount, and # the outstanding Swingline Loans shall not exceed the Swingline Committed Amount.

Swingline Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Swingline Lender, in its individual capacity, agrees to, in reliance upon the agreements of the other Lenders set forth in this Section, make certain revolving credit loans to the Company (each a “Swingline Loan” and, collectively, the “Swingline Loans”) for the purposes hereinafter set forth; provided, however, # the aggregate principal amount of Swingline Loans outstanding at any time shall not exceed THIRTY MILLION DOLLARS ($30,000,000) (the “Swingline Committed Amount”), # the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations shall not exceed the Revolving Committed Amount then in effect, and # the sum of the aggregate principal amount of a Swingline Lender’s outstanding Swingline Loans shall not exceed such Swingline Lender’s respective share of the Swingline Committed Amount according to such Swingline Lender’s Swingline Commitment Percentage. Swingline Loans hereunder may be repaid and reborrowed in accordance with the provisions hereof.

Swingline Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Swingline Lender, in its individual capacity, agrees to, in reliance upon the agreements of the other Revolving A Lenders set forth in this Section, make certain revolving credit loans to the Company (each a “Swingline Loan” and, collectively, the “Swingline Loans”) for the purposes hereinafter set forth; provided, however, # the aggregate principal amount of Swingline Loans outstanding at any time shall not exceed THIRTY MILLION DOLLARS ($30,000,000) (the “Swingline Committed Amount”), # the sum of the aggregate principal amount of outstanding Revolving A Loans plus outstanding Swingline Loans plus outstanding LOC Obligations shall not exceed the Revolving A Committed Amount then in effect, and # the sum of the aggregate principal amount of a Swingline Lender’s outstanding Swingline Loans shall not exceed such Swingline Lender’s respective share of the Swingline Committed Amount according to such Swingline Lender’s Swingline Commitment Percentage. Swingline Loans hereunder may be repaid and reborrowed in accordance with the provisions hereof.

Next results

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.